(1) If on completing the assessment of a proposed acquisition the Bank decides to oppose it, the Bank shall, within 2 working days, but before the end of the assessment period, inform the proposed acquirer concerned in writing and give reasons for that decision.

(2) Subject to any other law, the Bank shall publish an appropriate statement of the reasons for the decision if the proposed acquirer concerned so requests.

(3) The Bank may in its discretion publish such a statement even without any request by the proposed acquirer.

(4) If the Bank does not give notice in writing within the assessment period in relation to a proposed acquisition that it opposes the acquisition, the acquisition is deemed to have been approved.